Honda to raise car prices next week

New Delhi, Dec 29 | Updated: Dec 30 2006, 05:30am hrs
Honda Siel Cars India on Friday said it will hike the prices of its production models in India by next week, while a new version of its top-end model Accord is expected by the second week of January. There has been pressure from increased input costs and the company has decided to hike prices across all the production models between 1.5% and 2% by next week, a company official said.

Models from the Honda stable that would see increased prices include the popular mid-sized sedan City, newly introduced sedan Civic and the top-end luxury model Accord. While 'City' is currently priced around Rs 6.7 lakh,'Civic' comes at Rs 10.7 lakh, while Accord costs about Rs 15.3 lakh. Honda has, however, spared the recently launched sports utility vehicle Honda CRV from price hike.